FORECLOSURE Commercial Property Auction---Knoxville, TN Friday, April 22, 2016 Time: 12 NOON 3818 Powers Street Knoxville, TN 37917 Office: Knoxville Agent: Kenny Phillips FORECLOSURE Commercial Property Auction---Knoxville, TN BANK FORECLOSURE COMMERCIAL REAL ESTATE AUCTION 3818 Powers Street Knoxville, TN 37917 Friday, April 22nd at 12 NOON North Knoxville Commercial Property Zoned C-3 Single Family Home converted into an Office Building Office Area One Bathroom Large Shop/ Storage Area Showroom/ Display Area Reception/ Cashier Area Approx. 2174 SF Tax Appraisal: $107,700 Lot Size: 60 X 125 X IRR Parcel/ Tax ID: 069LB006 Auction is for the real estate only and does not include the business currently occupying the property. Please review the attached preliminary title report by Tennessee Valley Title. TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Sale is Subject to Trustees Approval. The balance is to be paid in full at the Trustees deed closing within 20 (TWENTY) days. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. Property to be transferred with a Trustees Deed ONLY. Walt Winchester to conduct closing. Title Opinion, Title Insurance, Document Recording will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes, Fees, HOA dues, both Current & Delinquent. All Measurements are from Tax records not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. DIRECTIONS: I-640 to the Broadway exit. Head south on Broadway toward downtown. After approx. 0.5 mile, turn left onto Powers Street. Building will be on the left. Important Information Bing Map CRS Report FEMA Flood Map Title Report